Brokerages Expect Superior Group of Companies Inc (NASDAQ:SGC) to Post $0.19 EPS

Shares of Superior Group of Companies Inc (NASDAQ:SGC) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price target of $22.00 for the company and are expecting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Superior Group of Companies an industry rank of 239 out of 256 based on the ratings given to its competitors.

Several equities research analysts recently commented on SGC shares. BidaskClub downgraded shares of Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Barrington Research restated a “buy” rating and issued a $22.00 price target on shares of Superior Group of Companies in a research report on Wednesday, May 29th. ValuEngine upgraded shares of Superior Group of Companies from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 16th. Finally, Zacks Investment Research downgraded shares of Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Friday, March 1st.

In other Superior Group of Companies news, Director Robin Hensley sold 1,907 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $16.50, for a total value of $31,465.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 31.00% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. First Wilshire Securities Management Inc. grew its position in Superior Group of Companies by 1,123.0% in the 4th quarter. First Wilshire Securities Management Inc. now owns 201,569 shares of the textile maker’s stock valued at $3,558,000 after purchasing an additional 185,087 shares during the period. Wasatch Advisors Inc. lifted its stake in Superior Group of Companies by 16.1% during the 1st quarter. Wasatch Advisors Inc. now owns 455,782 shares of the textile maker’s stock valued at $7,575,000 after acquiring an additional 63,218 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Superior Group of Companies by 57.6% during the 1st quarter. Wells Fargo & Company MN now owns 163,725 shares of the textile maker’s stock valued at $2,721,000 after acquiring an additional 59,810 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Superior Group of Companies by 6.5% during the 1st quarter. Neuberger Berman Group LLC now owns 379,666 shares of the textile maker’s stock valued at $6,310,000 after acquiring an additional 23,163 shares in the last quarter. Finally, Ancora Advisors LLC lifted its stake in Superior Group of Companies by 53.7% during the 4th quarter. Ancora Advisors LLC now owns 46,801 shares of the textile maker’s stock valued at $826,000 after acquiring an additional 16,348 shares in the last quarter. Institutional investors own 36.08% of the company’s stock.

Shares of NASDAQ:SGC traded up $0.33 during mid-day trading on Thursday, hitting $18.58. The stock had a trading volume of 23,000 shares, compared to its average volume of 15,282. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.30 and a current ratio of 3.46. The company has a market cap of $273.42 million, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.26 and a beta of -0.13. Superior Group of Companies has a 12-month low of $15.01 and a 12-month high of $23.22.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.08). The firm had revenue of $86.55 million during the quarter, compared to analysts’ expectations of $92.07 million. Superior Group of Companies had a net margin of 4.70% and a return on equity of 12.12%. On average, equities analysts predict that Superior Group of Companies will post 1.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.40 dividend on an annualized basis and a yield of 2.15%. Superior Group of Companies’s payout ratio is 33.90%.

About Superior Group of Companies

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for personnel of hospitals and health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.

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